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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
As of Mar. 2026, PT Victoria Investama Tbk has a Sloan Ratio of 8.15%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Victoria Investama Tbk (ISX:VICO) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, PT Victoria Investama Tbk has a Sloan Ratio of 8.15%, indicating the company is in the safe zone and there is no funny business with accruals.
PT Victoria Investama Tbk Sloan Ratio % Related Terms
PT Victoria Investama Tbk Sloan Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ISX:VICO vs BLK, BX, KKR: Sloan Ratio % Comparison
For the Asset Management subindustry, PT Victoria Investama Tbk's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PT Victoria Investama Tbk Sloan Ratio % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Victoria Investama Tbk's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where PT Victoria Investama Tbk's Sloan Ratio % falls into.
PT Victoria Investama Tbk Sloan Ratio % Calculation
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
PT Victoria Investama Tbk's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
PT Victoria Investama Tbk's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 404317.875 (Jun. 2025 ) + 25703.138 (Sep. 2025 ) + 22421.717 (Dec. 2025 ) + 28647.611 (Mar. 2026 ) = Rp481,090 Mil.
PT Victoria Investama Tbk's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was -550814.244 (Jun. 2025 ) + 404297.831 (Sep. 2025 ) + -194262.581 (Dec. 2025 ) + -1420585.966 (Mar. 2026 ) = Rp-1,761,365 Mil.
PT Victoria Investama Tbk's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was 1371804.5 (Jun. 2025 ) + -971374.533 (Sep. 2025 ) + -1697777.364 (Dec. 2025 ) + 660681.649 (Mar. 2026 ) = Rp-636,666 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PT Victoria Investama Tbk (ISX:VICO) has a Sloan Ratio % of 8.15% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Victoria Investama Tbk and its competitors.
Is PT Victoria Investama Tbk's Sloan Ratio % too high?
PT Victoria Investama Tbk's current Sloan Ratio % is 8.15%. Overall, PT Victoria Investama Tbk has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Victoria Investama Tbk's Sloan Ratio % compare to BLK and BX?
PT Victoria Investama Tbk's Sloan Ratio % of 8.15% can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for an Asset Management company?
A good Sloan Ratio % depends on the Asset Management industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on PT Victoria Investama Tbk and its competitors. PT Victoria Investama Tbk's current Sloan Ratio % is 8.15%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Victoria Investama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Victoria Investama Tbk (ISX:VICO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp158.93, compared to a current price of Rp141.00 — trading 11.3% below its estimated fair value. The current Sloan Ratio % is 8.15%. PT Victoria Investama Tbk's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For PT Victoria Investama Tbk (ISX:VICO), the current Sloan Ratio % is 8.15% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PT Victoria Investama Tbk (ISX:VICO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Victoria Investama Tbk stock appears to be undervalued.
The current stock price of Rp141.00 is trading 11.3% below its estimated GF Value™ of Rp158.93.
GuruFocus considers PT Victoria Investama Tbk to be Modestly Undervalued.
Key valuation signals for ISX:VICO:
Sloan Ratio %: 8.15%
GF Value™: Rp158.93 vs. price of Rp141.00 (11.3% below fair value)
No single metric tells the full story. See the ISX:VICO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Victoria Investama Tbk is a holding company engaged in the investment sector, with a focus on providing integrated financial services for both corporate clients and retail customers. It provides various services including Securities Trading, Securities Underwriting, Asset Management, General Insurance, Life Insurance, as well as Banking. The company's segments include consulting services, underwriting and securities trading brokerage, loss insurance, investment management, life insurance and banking. The banking segment is the main revenue contributor.
77GF Score
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Sloan Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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